Wow, the mainstream media is finally coming back from their Christmas vacay and noticing the silver story/shortage/crisis.

 12/28 update: Tesla billionaire Elon Musk has weighed in on the soaring price of silver, declaring the situation “not good."

"Silver is needed in many industrial processes," Musk posted to X, replying to a post that called China’s plans to begin restricting silver exports in early 2026 as "a bigger deal than it may seem."

The price of silver surged to almost $80 an ounce for the first time this week, adding 10% in just 24 hours, as it soared along with gold and other precious metals.

Silver has rocketed almost 150% through 2025, putting it on track for its biggest year of gains since 1979.

"Silver prices are exploding due to a severe global supply shortage," analysts with researcher Bull Theory posted to X. 

“The physical market can no longer meet soaring demand. Silver is not rallying because of fear. It is rallying because a real supply squeeze is playing out in real time, not to mention China’s new restrictions on exports.”

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